Andy Wells on Social Security

COLA for TSERS & CJRS (state retirement increases)

Explanation from MyNCRetirement.com and NCLeg.gov: The Consolidated Judicial Retirement System (CJRS) is a pension plan administered by the North Carolina Total Retirement Plans within the Department of State Treasurer (DST), [and] the Teachers' and State Employees' Retirement System (TSERS) [is also subject to COLA, Cost-Of-Living Adjustments]: From and after July 1, 2020, the retirement allowance to or on account of beneficiaries whose retirement commenced on or before July 1, 2019, shall be increased by two percent (2%) of the allowance payable on June 1, 2020. Furthermore, after July 1, 2020, the retirement allowance shall be increased by a prorated amount of two percent (2%) of the allowance payable."

Legislative Outcome: Passed Senate 31-17-2 on 05/06/2019 but never advanced)

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Other governors on Social Security:			Andy Wells on other issues:
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